Colorado Treasurer Believes State Should Try Tobacco-Backed Bonds

Albanese, Elizabeth
November 2004
Bond Buyer;11/2/2004, Vol. 350 Issue 32002, p1
Trade Publication
Reports on the recommendation of Colorado Treasurer Mike Coffman for the state General Assembly to authorize securitization of the state's share of the 1998 Master Settlement Agreement (MSA) with major tobacco companies in Colorado. Failure of Coffman to convince lawmakers to sell bonds backed by tobacco settlement revenues; Amount that Coffman proposed for the state to issue of unenhanced tobacco bonds to rid the state of the risk of MSA agreement; Value of the tobacco proceeds intended for the construction of state facilities.


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